DOEPE 22/03/2019 - Pág. 25 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 22 de março de 2019
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCVI • NÀ 55 - 25
NE400 PARTICIPAÇÕES S.A.
RELATÓRIO DA ADMINISTRAÇÃO - Senhores acionistas, em cumprimento às determinações legais e estatutárias,
VXEPHWHPRVjDSUHFLDomRGH96DVDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRVH[HUFtFLRVHQFHUUDGRVHPGH
GH]HPEURGHHGHHUHODWyULRGRDXGLWRULQGHSHQGHQWH
Balanço patrimonial em 31 de dezembro - Em milhares de reais
Ativo
2018
Circulante
&DL[DHHTXLYDOHQWHVGHFDL[D 1RWD
(VWRTXHV 1RWD
2XWURVDWLYRV
1mRFLUFXODQWH
3URSULHGDGHVSDUDLQYHVWLPHQWR 1RWD
,PRELOL]DGR 1RWD
2017
Passivo e patrimônio líquido
Circulante
)RUQHFHGRUHV
&RQWDVDSDJDUDHPSUHVDOLJDGD 1RWD
7ULEXWRVDSDJDU
'LYLGHQGRVSURSRVWRV 1RWD
3DWULP{QLROtTXLGR 1RWD
Capital social
5HVHUYDGHOXFURV
2018
2017
644
4.000
4.000
7RWDOGRSDVVLYRHGRSDWULP{QLROtTXLGR
7RWDOGRDWLYR
Demonstração das mutações do patrimônio líquido - Em milhares de reais
Capital
Reserva de lucros
Lucros
social
Legal
Retenção
acumulados
Em 1º de janeiro de 2017
/XFUROtTXLGRGRH[HUFtFLR
&RQVWLWXLomRGHUHVHUYD 1RWD
'LYLGHQGRV$QWHFLSDGRV 1RWD
'LYLGHQGRV3URSRVWRV 1RWD
-
Em 31 de dezembro de 2017
/XFUROtTXLGRGRH[HUFtFLR
5HDOL]DomRGHUHVHUYDV 1RWD
'LYLGHQGRV$QWHFLSDGRV 1RWD
'LYLGHQGRV3URSRVWRV 1RWD
-
Em 31 de dezembro de 2018
4.000
Total
1RWDVH[SOLFDWLYDVGDDGPLQLVWUDomRjVGHPRQVWUDo}HV¿QDQFHLUDVHPGHGH]HPEURGH
Em milhares de reais, exceto quando indicado de outra forma
Seção A – Informações gerais
1.1. Contexto operacional $ 1( 3DUWLFLSDo}HV 6$
³&RPSDQKLD´ pXPDVRFLHGDGHSRUDo}HVFRQVWLWXtGDHP
GHPDUoRGHFRPVHGHHP5HFLIH±3(TXHWHPFRPR
REMHWRRLQYHVWLPHQWRHPEHQVPyYHLVHLPyYHLVORWHDPHQWR
GHWHUUHQRVLQFRUSRUDomRLPRELOLiULDFRQVWUXomRGHSUpGLRV
GHVWLQDGRVjYHQGDYHQGDGHLPyYHLVDGTXLULGRVSDUDUHYHQGDHDGPLQLVWUDomRHORFDomRGHEHQVPyYHLVHLPyYHLV
$HPLVVmRGHVWDVGHPRQVWUDo}HV¿QDQFHLUDVIRLDXWRUL]DGD
SHODGLUHWRULDGD&RPSDQKLDHPGHPDUoRGH
1.2. Base de preparação $V GHPRQVWUDo}HV ¿QDQFHLUDV
IRUDPSUHSDUDGDVFRQIRUPHDVSUiWLFDVFRQWiEHLVDGRWDGDV
no Brasil incluindo os pronunciamentos emitidos pelo ComiWrGH3URQXQFLDPHQWRV&RQWiEHLV &3& HHYLGHQFLDPWRGDVDVLQIRUPDo}HVUHOHYDQWHVSUySULDVGDVGHPRQVWUDo}HV
¿QDQFHLUDV H VRPHQWH HODV DV TXDLV HVWmR FRQVLVWHQWHV
com as utilizadas pela administração na sua gestão.
$VSULQFLSDLVSROtWLFDVFRQWiEHLVDSOLFDGDVQDSUHSDUDomRGHVVDVGHPRQVWUDo}HV¿QDQFHLUDVHVWmRDSUHVHQWDGDVQDQRWD
(PIXQomRGHQmRKDYHURXWURVUHVXOWDGRVDEUDQJHQWHVQRV
H[HUFtFLRV¿QGRVHPGHGH]HPEURGHHGHD
Companhia não está apresentando a demonstração do reVXOWDGRDEUDQJHQWHQHVWDVGHPRQVWUDo}HV¿QDQFHLUDV
1.3. Normas, alterações e interpretações $V QRUPDV
&3& ,QVWUXPHQWRV )LQDQFHLURV H &3& ± 5HFHLWDV
GH&RQWUDWRVFRP&OLHQWHVIRUDPDGRWDGDVSHODSULPHLUDYH]
SDUD R H[HUFtFLR HP GH MDQHLUR GH H RV LPSDFWRV
GHVVDDGRomRSHOD&RPSDQKLDQmRVmRPDWHULDLV$VSULQFLSDLVDOWHUDo}HVTXHR&3&WUD]VmR L QRYRVFULWpULRV
GH FODVVL¿FDomR GH DWLYRV ¿QDQFHLURV LL QRYR PRGHOR GH
LPSDLUPHQWSDUDDWLYRV¿QDQFHLURV LLL ÀH[LELOL]DomRGDVH[Lgências para adoção da contabilidade de hedge.
(P GH MDQHLUR GH GDWD GD DGRomR LQLFLDO GR &3&
D DGPLQLVWUDomR DYDOLRX TXDLV PRGHORV GH QHJyFLR VH
DSOLFDYDPDRVDWLYRV¿QDQFHLURVPDQWLGRVSHOD&RPSDQKLD
HFODVVL¿FRXRVLQVWUXPHQWRV¿QDQFHLURVQDVGHYLGDVFDWHJRULDVGDQRYDQRUPD 1RWD
(P GH MDQHLUR GH SDVVRX D YLJRUDU D QRUPD
&3& 5 ± 2SHUDo}HV GH$UUHQGDPHQWR 0HUFDQWLO
$DGPLQLVWUDomRDYDOLRXDVDOWHUDo}HVWUD]LGDVSRUHVVDV
QRUPDVHFRQFOXLXTXHQmRKiLPSDFWRVGHFRUUHQWHVGH
VXDDSOLFDomRXPDYH]TXHQmRSRVVXLFRQWUDWRVGHDUUHQGDPHQWR¿UPDGRV
Seção B – Riscos
2. Estimativas e julgamentos contábeis críticos$VHVWLPDWLYDV H RV MXOJDPHQWRV FRQWiEHLV VmR FRQWLQXDPHQWH
DYDOLDGRVHEDVHLDPVHQDH[SHULrQFLDKLVWyULFDHHPRXWURV
IDWRUHVLQFOXLQGRH[SHFWDWLYDVGHHYHQWRVIXWXURVFRQVLGHUDGDVUD]RiYHLVSDUDDVFLUFXQVWkQFLDV
$SUHSDUDomRGHGHPRQVWUDo}HV¿QDQFHLUDVUHTXHURXVRGH
FHUWDVHVWLPDWLYDVFRQWiEHLVFUtWLFDVHWDPEpPRH[HUFtFLR
de julgamento por parte da administração da Companhia
QR SURFHVVR GH DSOLFDomR GDV SROtWLFDV FRQWiEHLV $V GHPRQVWUDo}HV ¿QDQFHLUDV GD &RPSDQKLD LQFOXHP SRUWDQWR
HVWLPDWLYDVUHIHUHQWHVjGLYXOJDomRGHYDORUMXVWRHjVHOHomRGDVYLGDV~WHLVGHSURSULHGDGHVSDUDLQYHVWLPHQWRGRV
EHQVGRDWLYRLPRELOL]DGRGHWHUPLQDomRGHSURYLV}HVSDUD
WULEXWRVHRXWUDVVLPLODUHV2VUHVXOWDGRVUHDLVSRGHPDSUHVHQWDUYDULDo}HVHPUHODomRjVHVWLPDWLYDV
Seção C – Notas explicativas relevantes selecionadas
3. Caixa e equivalentes de caixa 2VDOGRHPGHGH]HPEURGHpFRPSRVWRSRU5UHODWLYRVDUHFXUVRV
HPFRQWDFRUUHQWH ±5 H5HPDSOLFDo}HV
¿QDQFHLUDVHPUHQGD¿[D ±5 $VDSOLFDo}HV
¿QDQFHLUDVHPUHQGD¿[DUHIHUHPVHDFHUWL¿FDGRVGHGHSyVLWRVEDQFiULRVHTXRWDVGHIXQGRVGHLQYHVWLPHQWRRVTXDLV
SRVVXHP OLTXLGH] LPHGLDWD H WrP UHPXQHUDomR DWUHODGD j
YDULDomRGRVFHUWL¿FDGRVGHGHSyVLWRLQWHU¿QDQFHLUR±&',
4. Estoques(VWiGHPRQVWUDGRDRFXVWRGHDTXLVLomRHVmR
UHSUHVHQWDGRVSRUWHUUHQRVLWXDGRQRPXQLFtSLRGH5HFLIH3(,
HSRUJDVWRVGHIRUPDomRGHLPyYHLVDFRPHUFLDOL]DU(P
GH GH]HPEUR GH R HPSUHHQGLPHQWR FRP VDODV
FRPHUFLDLVHQFRQWUDYDVHFRQFOXtGRHDWRWDOLGDGHGDVVDODV
IRUDPYHQGLGDVRXGHVWLQDGDVSDUDORFDomRGHORQJRSUD]R
H PDQWLGDV FRPR SURSULHGDGHV SDUD LQYHVWLPHQWR 2 VDOGR
HP GH GH]HPEUR GH p FRPSRVWR SHOR WHUUHQR QR
YDORUGH5 ±5 HSRULPyYHLVQRPRQWDQWHGH
5 ±5 TXHUHSUHVHQWDPVDODVFRPHUFLDLV
YHQGLGDVSRUpPDLQGDQmRHQWUHJXHVDRVFRPSUDGRUHV
5. Propriedades para investimento
7HUUHQRV
(GL¿FDo}HV
,QVWDODo}HV
Custo de
aquisição
Depreciação
acumulada
6DOGRHPGHMDQHLUR
$TXLVLo}HV
Depreciação
6DOGRHPGHGH]HPEUR
$Companhia optou pela manutenção do salão comercial, com
PðGHiUHDDOpPGHPDLVRXWUDVVDODVFRPHUFLDLVSDUD
DXIHULUUHQGDGHDOXJXHOHQHVVHFRQWH[WRWUDQVIHULXRVFXVWRV
GH DTXLVLomR GRV UHIHULGRV LPyYHLV SDUD R JUXSR GH SURSULHGDGHVSDUDLQYHVWLPHQWRDOpPGHWHULQYHVWLGRHPLQVWDODo}HV
QHFHVViULDVSDUDDDGHTXDomRGRVLPyYHLVDRVORFDWiULRV
6HHVWLYHVVHDYDOLDGRDRYDORUMXVWRHVVHVLPyYHLVWHULDPXP
YDORU DSUR[LPDGR GH 5 $ &RPSDQKLD HVWDEHOHFH R
YDORU MXVWR DWUDYpV GH WpFQLFDV GH DYDOLDomR TXH LQFOXHP R
uso de operações recentes realizadas entre terceiros com proSULHGDGHVVLPLODUHVDDQiOLVHGHPRGHORVGHSUHFL¿FDomRTXH
ID]HPRPDLRUXVRSRVVtYHOGHLQIRUPDo}HVJHUDGDVSHORPHUFDGRHDDQiOLVHGHÀX[RVGHFDL[DGHVFRQWDGRVRVTXDLVQmR
FRQVLGHUDPRVHIHLWRVWULEXWiULRVWHQGRHPYLVWDDH[SHULrQFLD
HRHQWHQGLPHQWRGDDGPLQLVWUDomRGHTXHRPHUFDGRDVVLP
DYDOLDHVVHVWLSRVGHSURSULHGDGHVHPHYHQWXDLVQHJRFLDo}HV
6. Patrimônio líquido2FDSLWDOVRFLDOHPGHGH]HPEUR
GHHHVWiUHSUHVHQWDGRSRUGHDo}HV
RUGLQiULDVQRPLQDWLYDVVHPYDORUQRPLQDO
$ UHVHUYD OHJDO p FRQVWLWXtGD DQXDOPHQWH FRPR GHVWLQDomR
GHGROXFUROtTXLGRGRH[HUFtFLRHQmRSRGHUiH[FHGHUD
GRFDSLWDOVRFLDO$UHVHUYDOHJDOWHPSRU¿PDVVHJXUDU
a integridade do capital social e somente poderá ser utilizada
SDUDFRPSHQVDUSUHMXt]RHDXPHQWDURFDSLWDO
(PDDGPLQLVWUDomRSURS{VDGHVWLQDomRGRVDOGRUHPDQHVFHQWH GR OXFUR OtTXLGR GR H[HUFtFLR QR PRQWDQWH GH
5 SDUD UHVHUYD GH UHWHQomR GH OXFURV XPD YH] TXH
IRUDP XWLOL]DGRV SDUD DWHQGHU LQYHVWLPHQWRV GH FDSLWDO SUySULR$FRQVWLWXLomRIRLDSURYDGDHPDVVHPEOHLDGHDFLRQLVWDV
UHDOL]DGDHPGHDEULOGH
(PDDGPLQLVWUDomRSURS{VDUHDOL]DomRGDUHVHUYDGH
2018
2017
Líquido
Líquido
2018
2017
Vida útil
estimada
(em anos)
UHWHQomR GH OXFURV QR YDORU GH 5 WHQGR GHVWLQDGR
taisUHFXUVRVQDGLVWULEXLomRGHGLYLGHQGRVDRVDFLRQLVWDV$
UHDOL]DomRGDUHVHUYDHPVHUiGHOLEHUDGDRSRUWXQDPHQWHHPDVVHPEOHLDGHDFLRQLVWDVTXHDSURYDUiDVGHPRQVWUDo}HV¿QDQFHLUDVGHVWHH[HUFtFLR
$RVDFLRQLVWDVpDVVHJXUDGRHVWDWXWDULDPHQWHXPGLYLGHQGR
PtQLPRREULJDWyULRGHGROXFUROtTXLGRGRH[HUFtFLRDMXVWDGRQRVWHUPRVGD/HLGDV6RFLHGDGHVSRU$o}HV'XUDQWH
RH[HUFtFLRGHDGLUHWRULDSDJRXGLYLGHQGRVDQWHFLSDGRV QR PRQWDQWH GH 5 ± 5 H SURS{V
D GLVWULEXLomR GH 5 ± 5 2 HVWDWXWR GD
&RPSDQKLD DXWRUL]D SUHYLDPHQWH D GLVWULEXLomR GH GLYLGHQGRVFRQIRUPHRSURSRVWRSHODDGPLQLVWUDomR
7. Receitas líquidas
2018
2017
5HFHLWDGHYHQGDVGHLPyYHLV
5HFHLWDGHDOXJXHO
'HGXo}HV±&DQFHODPHQWRVSRUGLVWUDWRV
'HGXo}HV±3,6H&2),16
8. Despesas administrativas - gerais
6HUYLoRVSUHVWDGRV
Compartilhamento da estrutura
GR*UXSR 1RWD
3HVVRDO
(QFDUJRVFRQGRPLQLDLVGHVDODV
QmRFRPHUFLDOL]DGDV
,378H)RUR
/HJDLVHMXGLFLDLV
2XWUDV
2018
2017
Demonstração do resultado
([HUFtFLRV¿QGRVHPGHGH]HPEUR
Em milhares de reais, exceto quando indicado de outra forma
2018
2017
Receitas líquidas (Nota 7)
&XVWRGRVLPyYHLVYHQGLGRV 1RWD
Lucro bruto
'HVSHVDVDGPLQLVWUDWLYDV
'HVSHVDVJHUDLV 1RWD
Depreciação
Lucro operacional
5HFHLWDV¿QDQFHLUDV 1RWD
'HVSHVDV¿QDQFHLUDV
Lucro antes da contribuição social e do imposto de renda
&RQWULEXLomRVRFLDO 1RWD
,PSRVWRGHUHQGD 1RWD
Lucro líquido do exercício
$o}HVHPFLUFXODomRQR¿QDOGRH[HUFtFLR HPPLOKDUHV
4.000
4.000
/XFUROtTXLGRGRH[HUFtFLRSRUDomRGRFDSLWDOQR
¿PGRH[HUFtFLR±5
9. Partes relacionadas$&RPSDQKLDpSDUWHLQWHJUDQWHGHXPJUXSRGHHPSUHVDVGHQRPLQDGR*UXSR-&30TXHDWXDGHIRUPDLQWHJUDGDHRVEHQHItFLRV
GDVHVWUXWXUDVRSHUDFLRQDOHDGPLQLVWUDWLYDVmRDWULEXtGRVDFDGDHPSUHVDVHJXQGRDUD]RDELOLGDGHGDVVXDVRSHUDo}HV 1RWD
$VFRQWDVDSDJDUDHPSUHVDOLJDGD-&303DUWLFLSDo}HVH(PSUHHQGLPHQWRV
6$QRYDORUGH5 ±5 UHIHUHPVHjSDUFHODHPDEHUWRTXH
cabe à Companhia no compartilhamento das estruturas operacional e adminisWUDWLYDGRJUXSRHFRQ{PLFRQRTXDOHVWiLQVHULGD
2SHVVRDOFKDYHGDDGPLQLVWUDomRHVWiUHSUHVHQWDGRSHORVGLUHWRUHVFXMDUHPXQHUDomRDQXDOSDJDRXSURYLVLRQDGDFRUUHVSRQGHDRSUyODERUHHDRVVDOiULRVHHQFDUJRVQRPRQWDQWHGH5 ±5 2VVDOiULRVHHQFDUJRVVmRDWULEXtGRVj&RPSDQKLDSRUPHLRGHFRPSDUWLOKDPHQWRGHGHVSHVDV
Seção D – Políticas contábeis
10. Resumo das principais políticas contábeis
10.1. Caixa e equivalentes de caixa&DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPGHSyVLWRVEDQFiULRVHLQYHVWLPHQWRVGHFXUWRSUD]RGHDOWDOLTXLGH]FRPYHQFLPHQWRV
RULJLQDLVGHDWpWUrVPHVHVHFRPULVFRLQVLJQL¿FDQWHGHPXGDQoDGHYDORU.
$WLYRV¿QDQFHLURV$WpGHGH]HPEURGHD&RPSDQKLDFODVVL¿FDYD
VHXVDWLYRV¿QDQFHLURVFRPR³HPSUpVWLPRVHUHFHEtYHLV´RVTXDLVVmRDWLYRV¿QDQFHLURVQmRGHULYDWLYRVFRPSDJDPHQWRV¿[RVRXGHWHUPLQiYHLVUHSUHVHQWDGRV
XQLFDPHQWHSRUSULQFLSDOHMXURVQmRFRWDGRVHPXPPHUFDGRDWLYRHHVWmRDSUHVHQWDGRVQRDWLYRFLUFXODQWHH[FHWRDTXHOHVFRPSUD]RGHYHQFLPHQWRVXSHULRUD
PHVHVDSyVDGDWDGHHPLVVmRGREDODQoR HVWHVVmRFODVVL¿FDGRVQRDWLYRQmR
FLUFXODQWH $SDUWLUGHGHMDQHLURGHHPIXQomRGR&3&HVVDFODVVH
GHDWLYRV¿QDQFHLURVHQTXDGUDVHQDFDWHJRULDGH³DWLYRV¿QDQFHLURVPHQVXUDGRV
DRFXVWRDPRUWL]DGR´$VUHFHLWDVFRPMXURVSURYHQLHQWHVGHVWHVDWLYRV¿QDQFHLURV
VmRUHJLVWUDGDVHPUHFHLWDV¿QDQFHLUDVXVDQGRRPpWRGRGDWD[DHIHWLYDGHMXURV
(VVHVDWLYRVFRPSUHHQGHPDVDSOLFDo}HV¿QDQFHLUDVHRXWURVDWLYRV
10.3. Estoques2VHVWRTXHVVmRGHPRQVWUDGRVDRFXVWRRXDRYDORUOtTXLGRGH
UHDOL]DomRGRVGRLVRPHQRU2YDORUOtTXLGRGHUHDOL]DomRpRSUHoRGHYHQGD
HVWLPDGRQRFXUVRQRUPDOGRVQHJyFLRVPHQRVRVFXVWRVHVWLPDGRVGHFRQFOXVmRHRVFXVWRVHVWLPDGRVQHFHVViULRVSDUDHIHWXDUDYHQGD
10.4. Propriedades para investimento$&RPSDQKLDpSURSULHWiULDGHLPyYHO
FRPHUFLDOPDQWLGRSDUD¿QVGHUHQGDGHDOXJXHOGHORQJRSUD]R2LPyYHOQmRp
RFXSDGRSHOD&RPSDQKLDHHVWiGHPRQVWUDGRDRFXVWRGHDTXLVLomRRXFRQVWUXomRGHGX]LGRGDGHSUHFLDomRDFXPXODGDFDOFXODGDSHORPpWRGROLQHDUSHODV
YLGDV~WHLVHVWLPDGDVPHQFLRQDGDVQD1RWD
10.5. Imobilizado5HIHUHPVHDEHQVXWLOL]DGRVSHOD&RPSDQKLDHPVXDVRSHUDo}HVUHSUHVHQWDGRVSRUHTXLSDPHQWRVPyYHLVHXWHQVtOLRVHHTXLSDPHQWRV
GHLQIRUPiWLFDeGHPRQVWUDGRDRFXVWRGHGX]LGRGDGHSUHFLDomRDFXPXODGD
FDOFXODGDSHORPpWRGROLQHDUjVWD[DVDQXDLVTXHYDULDPGHD
CNPJ n.º 11.779.969/0001-29
'HPRQVWUDomRGRVÀX[RVGHFDL[D
([HUFtFLRV¿QGRVHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
2018
2017
Fluxos de caixa das atividades operacionais
Lucro antes da contribuição social e do
imposto de renda
$MXVWHGH
'HSUHFLDomR
9DULDo}HVQRVDWLYRVHSDVVLYRV
(VWRTXHV
Tributos a recuperar
2
'HVSHVDVDQWHFLSDGDV
2XWURVDWLYRV
)RUQHFHGRUHV
&RQWDVDSDJDUDHPSUHVDOLJDGD
6DOiULRVHHQFDUJRV
Tributos a pagar
62
Caixa gerado pelas operações
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOSDJRV
Caixa líquido gerado pelas atividades operacionais
Fluxos de caixa das atividades de investimento
$TXLVLo}HVGHSURSULHGDGHVSDUDLQYHVWLPHQWR
Caixa líquido aplicado nas atividades de investimento
)OX[RVGHFDL[DGDVDWLYLGDGHVGH¿QDQFLDPHQWR
'LYLGHQGRVSDJRV
CDL[DOtTXLGRDSOLFDGRQDVDWLYLGDGHVGH¿QDQFLDPHQWR
Aumento (redução) líquido de caixa e
equivalentes de caixa
Caixa e equivalentes de caixa no início do exercício
&DL[DHHTXLYDOHQWHVGHFDL[DQR¿QDOGRH[HUFtFLR
10.6. Contas a pagar$VFRQWDVDSDJDUVmRREULJDo}HVDSDJDUSRUEHQVRX
VHUYLoRVTXHIRUDPDGTXLULGRVQRFXUVRQRUPDOGRVQHJyFLRV(ODVVmRLQLFLDOPHQWH UHFRQKHFLGDV SHOR YDORU MXVWR H VXEVHTXHQWHPHQWH PHQVXUDGDV SHOR
FXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGHWD[DHIHWLYDGHMXURVTXDQGRDSOLFiYHO
1DSUiWLFDVmRQRUPDOPHQWHUHFRQKHFLGDVDRYDORUGDIDWXUDFRUUHVSRQGHQWH
10.7. Apuração do resultado$VUHFHLWDVGHYHQGDGDVXQLGDGHVLPRELOLiULDV
DGTXLULGDVSDUDUHYHQGDVmRUHJLVWUDGDVTXDQGRHIHWLYDPHQWHUHFHELGDVRTXH
GLYHUJHGDSUiWLFDFRQWiELODGRWDGDQR%UDVLOTXHGHWHUPLQDPTXHDVPHVPDV
VHMDP UHFRQKHFLGDV TXDQGR GD WUDQVIHUrQFLD GRV ULVFRV H EHQHItFLRV SDUD RV
FRPSUDGRUHVHTXDQGR L RYDORUGDUHFHLWDSRGHVHUPHQVXUDGRFRPVHJXUDQoD H LL pSURYiYHOTXHEHQHItFLRVHFRQ{PLFRVIXWXURVÀXDPSDUDD&RPSDQKLD
2V GLVWUDWRV VmR FRQWDELOL]DGRV TXDQGR RV LQVWUXPHQWRV VmR ¿UPDGRV FRP RV
FOLHQWHVHRVYDORUHVVmRHIHWLYDPHQWHSDJRV
$VUHFHLWDVGHDOXJXHOGHVDODVFRPHUFLDLVVmRUHJLVWUDGDVTXDQGRHIHWLYDPHQWH
UHFHELGDVRTXHQmRGLYHUJHVXEVWDQFLDOPHQWHGDSUiWLFDFRQWiELODGRWDGDQR
%UDVLOTXHGHWHUPLQDPTXHGHYHPVHUUHFRQKHFLGDVSHORPpWRGROLQHDUQDGHPRQVWUDomRGRUHVXOWDGRGXUDQWHRSHUtRGRFRQWUDWXDO
2FXVWRGRVLPyYHLVYHQGLGRVpDSURSULDGRDRUHVXOWDGRQRPRPHQWRGDHQWUHJD
GRVLPyYHLVDRVFRPSUDGRUHVTXDQGRRVULVFRVHEHQHItFLRVVmRVXEVWDQFLDOPHQWHWUDQVIHULGRV
$VGHVSHVDVDGPLQLVWUDWLYDVJHUDLVUHIHUHPVHSULQFLSDOPHQWHDJDVWRVFRPSDUWLOKDGRVUHODWLYRVjSDUFHODGRXVRGDLQIUDHVWUXWXUDDGPLQLVWUDWLYDPDQWLGDSHOR
*UXSR-&30 1RWD DJDVWRVFRPSHVVRDOHVHUYLoRVFRQWUDWDGRVDOpPGH
RXWUDVGHVSHVDVQHFHVViULDVSDUDDFRQGXomRGDVDWLYLGDGHVGD&RPSDQKLDH
estão registradas pelo regime de competência.
$V UHFHLWDV ¿QDQFHLUDV UHIHUHPVH VXEVWDQFLDOPHQWH D UHQGLPHQWRV GH DSOLFDo}HV¿QDQFHLUDVDOpPGHMXURVHDWXDOL]DomRPRQHWiULDGHFRUUHQWHVGRVFRQWUDWRVGHYHQGDGDVXQLGDGHVLPRELOLiULDVHVmRUHFRQKHFLGDVFRQIRUPHRSUD]R
GHFRUULGRSHORUHJLPHGHFRPSHWrQFLDXVDQGRRPpWRGRGDWD[DHIHWLYDGHMXURV
2VHQFDUJRVGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDOIRUDPGHWHUPLQDGRV
FRPEDVHQROXFURSUHVXPLGRjVDOtTXRWDVDSOLFiYHLV
5HODWyULRGRDXGLWRULQGHSHQGHQWHVREUHDVGHPRQVWUDo}HV¿QDQFHLUDV
$RV$GPLQLVWUDGRUHVH$FLRQLVWDV
NE400 Participações S.A.
Opinião com ressalva
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